Gas prices still inching up in northern New England

It's 8.8 cents per gallon higher than last month, and 22.7 cents per gallon higher than a year ago.

"It has been anything but a normal January for prices at the pump", AAA spokesman Mark Jenkins said in a statement.

Average retail gasoline prices in Minnesota have risen 1.9 cents in the past week, averaging $2.48 per gallon Sunday, according to GasBuddy's daily survey of 2,856 gas outlets in Minnesota.

On Monday afternoon, the average price of a gallon of regular gas in OH was $2.39, while last week's average was $2.47.

That said, January trends don't dictate where prices are headed for the remainder of the year. "That's indicating that 2018 may bring higher gas prices compared to the year prior".

Higher oil prices so far this year and expectations of strong demand on the back of economic growth means higher gas prices for consumers, analysts say.

Oil prices dipped after EIA's latest petroleum revealed domestic crude production in the US continues to grow.

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The Energy Information Administration is forecasting a resurgence of USA oil production this year in response to the recent rise in oil prices, AAA reported.

In South Dakota, prices at the pump only increased two cents within the week.

Prices are up 39 cents on the year in California, 37 cents in IN and 32 cents in MI.

"At the close of Friday's formal trading session on the NYMEX, WTI dropped 58 cents to settle at $63.37", AAA reported. The EIA expects domestic production to reach 10.8 million barrels per day in 2019 and surpass 11 million barrels per day in November 2019.

Saudi Arabia has produced as much as 10.5 million barrels per day, but that rate has dropped below 10 million, due to the recent OPEC production cut agreement.

The nation's cheapest market is Texas, where gas is is $2.29 per gallon, followed by Missouri and Alabama at $2.30, MS at $2.31, SC at $2.32, Arkansas at $2.32, Arizona at $2.34, New Mexico at $2.35, Oklahoma at $2.35 and Tennessee at $2.36. Last year, Russian Federation reached a 30-year high average production rate of 10.98 barrels per day.

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